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image Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA
REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS
FCNR (B) Deposits:
The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 06.12.2022 are given below:

Maturity Period

USD

Existing

Revised

1 YR<2YRS

4.25

4.80

2YRS<3YRS

3.25

4.30

3YRS<4YRS

3.35

4.05

4YRS<5YRS

3.40

3.80

5YRSONLY

3.25

3.80

 



Maturity Period

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

3.22

3.96

1.25

1.25

0.06

0.03

4.08

4.09

3.00

3.25

2YRS<3YRS

3.50

3.50

1.25

1.25

0.10

0.07

3.60

3.61

3.20

3.20

3YRS<4YRS

3.25

3.25

1.25

1.25

0.10

0.07

3.30

3.31

3.30

3.30

4YRS<5YRS

3.00

3.00

1.25

1.25

0.11

0.08

3.25

3.26

3.40

3.40

5YRSONLY

3.00

3.00

1.25

1.25

0.12

0.09

3.25

3.26

3.50

3.50

 


RFC Deposits: 


PERIOD

USD

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

 

 

 

 

 

 

 

 

 

 

 

 

6 MONTHS

to <1 YR

4.25

4.80

3.22

3.96

1.25

1.25

0.06

0.03

4.08

4.09

3.00

3.25

1 YR to

<2 YRS

4.25

4.80

3.22

3.96

1.25

1.25

0.06

0.03

4.08

4.09

3.00

3.25

2 YRS to

<3 YRS

3.25

4.30

3.50

3.50

1.25

1.25

0.10

0.07

3.60

 3.61

3.20

3.20

3 YRS

3.35

4.05

3.25

3.25

1.25

1.25

0.10

0.07

3.30

3.31

3.30

3.30

Notes:

1. Interest rate for term deposits upto 3yrs are in line with FCNR (B) Term Deposits.

2. Staff RFC interest rates will be paid with addition of 0.25% on above mentioned rates.

3. The Rate of Interest offered by our bank for RFC saving deposits are as under:-

Currency

Rate of Interest (%)

USD

0.50

GBP

0.50

EUR

0.01

JPY

0.07

CAD

0.50

AUD

0.50